Will the social security subsidy for the elderly in Shanghai be refunded in the same month?

Yes, you can deduct it in the same month and pay it back in the same month. I would like to introduce the dual social security subsidies for the elderly in Shanghai:

The conditions and requirements for the first application are as follows:

1, pay unemployment insurance premium for one year as required;

2, within three years from the statutory retirement age (in line with the provisions of early retirement of special types of work, must have been in the city's social insurance agencies for special types of work experience confirmation procedures), in line with the conditions for receiving unemployment insurance benefits (including extension of receiving unemployment insurance benefits);

3, has handled the flexible employment (self-employed or self-employed) employment registration procedures.

The standard of treatment is as follows:

The subsidy standard is 50% of the amount of social insurance premiums paid by individuals.

The maximum does not exceed 60% of the average monthly work payment base of employees in this Municipality and 50% of the social insurance premiums paid by individuals.